SBI can test Rs 2350-2400: Harchekar

State Bank of India (SBI) can test Rs 2350-2400, says Amit Harchekar of IIFL.

Harchekar told CNBC-TV18, "State Bank of India is looking good on charts although 200 day moving average is acting as some resistance close to Rs 2,114 but once that taken out we should see bank testing levels of Rs 2,350-2,400."
He further added, "ICICI Bank even at current levels is looking attractive; Rs 875 turns out to be a strong support. So if you are initiating buy levels even at current levels, Rs 675 should be short-term stop loss and it testing levels of Rs 975."